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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Consolidated net earnings $ 1,701,846 $ 1,822,960 $ 1,760,959
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Straight-lined rents and amortization of above and below market leases (98,426) (66,938) (81,021)
Equity-based compensation awards 97,557 76,093 76,640
Depreciation and amortization 1,139,879 947,214 879,140
Earnings from unconsolidated entities, net (200,178) (298,260) (248,567)
Operating distributions from unconsolidated entities 346,517 349,877 307,220
Decrease (increase) in operating receivables from unconsolidated entities 11,557 (39,890) (30,893)
Amortization of debt discounts and debt issuance costs, net 17,006 12,653 751
Gains on dispositions of development properties and land, net (467,577) (469,817) (327,528)
Gains on other dispositions of investments in real estate, net (390,241) (371,179) (855,437)
Unrealized foreign currency and derivative losses (gains), net 70,693 (120,358) 68,956
Losses on early extinguishment of debt, net 16,126 2,586 68,379
Deferred income tax expense (benefit) 12,221 1,448 (5,005)
Decrease (increase) in accounts receivable, lease right-of-use assets and other assets (108,165) (72,955) 37,278
Increase in accounts payable and accrued expenses, lease liabilities and other liabilities 115,219 30,125 36,374
Net cash provided by operating activities 2,264,034 1,803,559 1,687,246
Investing activities:      
Real estate development (1,795,137) (1,953,144) (1,606,133)
DCT Transaction, net of cash acquired 0 (45,870) 0
Real estate acquisitions (1,006,043) (999,131) (442,696)
Tenant improvements and lease commissions on previously leased space (179,274) (134,868) (153,255)
Property improvements (143,029) (93,073) (110,635)
Proceeds from dispositions and contributions of real estate properties 2,331,623 2,310,388 3,236,603
Investments in and advances to unconsolidated entities (276,169) (160,358) (249,735)
Acquisition of a controlling interest in unconsolidated entities, net of cash received 0 0 (374,605)
Return of investment from unconsolidated entities 389,463 360,278 209,151
Proceeds from repayment of notes receivable backed by real estate 0 34,260 32,100
Proceeds from the settlement of net investment hedges 23,640 29,425 7,541
Payments on the settlement of net investment hedges (30,424) (11,703) (5,058)
Net cash provided by (used in) investing activities (685,350) (663,796) 543,278
Financing activities:      
Proceeds from issuance of common stock/units 6,082 6,891 32,858
Dividends/distributions paid on common and preferred stock/units (1,345,660) (1,123,367) (942,884)
Repurchase of preferred stock/units 0 0 (13,182)
Noncontrolling interests contributions 11,604 170,066 240,925
Noncontrolling interests distributions (164,419) (224,850) (207,788)
Settlement of noncontrolling interests (109,811) (75,920) (813,847)
Tax paid for shares withheld (22,434) (26,508) (19,775)
Debt and equity issuance costs paid (17,656) (17,446) (7,054)
Net proceeds from (payments on) credit facilities 127,566 (674,559) 283,255
Repurchase of and payments on debt (3,301,827) (4,166,088) (3,578,889)
Proceeds from the issuance of debt 3,976,956 4,899,680 2,419,797
Net cash used in financing activities (839,599) (1,232,101) (2,606,584)
Effect of foreign currency exchange rate changes on cash 5,914 (10,852) 15,790
Net increase (decrease) in cash and cash equivalents 744,999 (103,190) (360,270)
Cash and cash equivalents, beginning of year 343,856 447,046 807,316
Cash and cash equivalents, end of year 1,088,855 343,856 447,046
Prologis, L.P. [Member]      
Operating activities:      
Consolidated net earnings 1,701,846 1,822,960 1,760,959
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Straight-lined rents and amortization of above and below market leases (98,426) (66,938) (81,021)
Equity-based compensation awards 97,557 76,093 76,640
Depreciation and amortization 1,139,879 947,214 879,140
Earnings from unconsolidated entities, net (200,178) (298,260) (248,567)
Operating distributions from unconsolidated entities 346,517 349,877 307,220
Decrease (increase) in operating receivables from unconsolidated entities 11,557 (39,890) (30,893)
Amortization of debt discounts and debt issuance costs, net 17,006 12,653 751
Gains on dispositions of development properties and land, net (467,577) (469,817) (327,528)
Gains on other dispositions of investments in real estate, net (390,241) (371,179) (855,437)
Unrealized foreign currency and derivative losses (gains), net 70,693 (120,358) 68,956
Losses on early extinguishment of debt, net 16,126 2,586 68,379
Deferred income tax expense (benefit) 12,221 1,448 (5,005)
Decrease (increase) in accounts receivable, lease right-of-use assets and other assets (108,165) (72,955) 37,278
Increase in accounts payable and accrued expenses, lease liabilities and other liabilities 115,219 30,125 36,374
Net cash provided by operating activities 2,264,034 1,803,559 1,687,246
Investing activities:      
Real estate development (1,795,137) (1,953,144) (1,606,133)
DCT Transaction, net of cash acquired 0 (45,870) 0
Real estate acquisitions (1,006,043) (999,131) (442,696)
Tenant improvements and lease commissions on previously leased space (179,274) (134,868) (153,255)
Property improvements (143,029) (93,073) (110,635)
Proceeds from dispositions and contributions of real estate properties 2,331,623 2,310,388 3,236,603
Investments in and advances to unconsolidated entities (276,169) (160,358) (249,735)
Acquisition of a controlling interest in unconsolidated entities, net of cash received 0 0 (374,605)
Return of investment from unconsolidated entities 389,463 360,278 209,151
Proceeds from repayment of notes receivable backed by real estate 0 34,260 32,100
Proceeds from the settlement of net investment hedges 23,640 29,425 7,541
Payments on the settlement of net investment hedges (30,424) (11,703) (5,058)
Net cash provided by (used in) investing activities (685,350) (663,796) 543,278
Financing activities:      
Proceeds from issuance of common stock/units 6,082 6,891 32,858
Dividends/distributions paid on common and preferred stock/units (1,396,051) (1,168,133) (980,105)
Repurchase of preferred stock/units 0 0 (13,182)
Noncontrolling interests contributions 11,604 170,066 240,925
Noncontrolling interests distributions (114,028) (180,084) (170,567)
Settlement of noncontrolling interests (22,471) (22,728) (790,016)
Redemption of common limited partnership units (87,340) (53,192) (23,831)
Tax paid for shares of the Parent withheld (22,434) (26,508) (19,775)
Debt and equity issuance costs paid (17,656) (17,446) (7,054)
Net proceeds from (payments on) credit facilities 127,566 (674,559) 283,255
Repurchase of and payments on debt (3,301,827) (4,166,088) (3,578,889)
Proceeds from the issuance of debt 3,976,956 4,899,680 2,419,797
Net cash used in financing activities (839,599) (1,232,101) (2,606,584)
Effect of foreign currency exchange rate changes on cash 5,914 (10,852) 15,790
Net increase (decrease) in cash and cash equivalents 744,999 (103,190) (360,270)
Cash and cash equivalents, beginning of year 343,856 447,046 807,316
Cash and cash equivalents, end of year $ 1,088,855 $ 343,856 $ 447,046